Consumer Protection Law

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I have a question about my taxes. Several years agoI had…

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I have a question...

I have a question about my taxes. Several years agoI had $40,000 of pre-taxed money that I invested that was stolen by people in the company I was investing it with. The thieves were charged and sent to jail. What is my legal standing regarding this situation? I have lost that money and never recovered any of it.

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

I am now in Texas, but at the time of the theft, I was living in Ohio.

Lawyer's Assistant: Have you talked to a lawyer yet?

I've been in touch with Federal agents who oversaw the situation, and they are the ones who got the thief sent to jail.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I just want to know what my legal status is. I don't want to end up having to pay taxes on money I never got or recovered.

Submitted: 8 months ago.Category: Consumer Protection Law
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Customer reply replied 8 months ago
I really don't have any more information to send you. I just want to know what obligation I have, and since I will never recover any of that money, I certainly am an innocent victim of a crime. My Uncle Sam was robbed at the same time that I was! Why would he think I now have any funds available to go back, pay taxes on money I never had?
Customer reply replied 8 months ago
I feel sorry for myself and sorry for my country too. At least my country put the guy in jail, but I guess he ended up feeding, sheltering and caring for the thief for however long his sentence was.
Answered in 2 hours by:
11/19/2017
Consumer Protection Lawyer: Alex J. Esq., Attorney at Law replied 8 months ago
Alex J. Esq.
Alex J. Esq., Attorney at Law
Category: Consumer Protection Law
Satisfied Customers: 16,917
Experience: Experienced Licensed Attorney
Verified

Hello. My name is Alex.

Thank you for your question.

I will be happy to provide you with information you are seeking for educational purposes only.

Are you asking whether a person under similar situation would have to pay taxes on the $40,000 that were stolen?

Why is this issue coming up several years after it took place?

Please provide me with more details.

Thank you.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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